Monday, June 12, 2017

"Is Trump Launching a New World Order?" This fits a lot of the facts, but why would you take the carbonite side when you have to know it is bound to lose? It is already losing, so this strictly carbon partisan approach seems foolish when you could hedge your bets. It is as if the 0.1% has decided to throw all caution to the winds in extracting the last possible maximized rents from a resource which will lose much of its value with new technology. Trump's an old guy, and not personally an oil baron, so what's his angle in this?

"Is Trump Launching a New World Order?" This fits a lot of the facts, but why would you take the carbonite side when you have to know it is bound to lose? It is already losing, so this strictly carbon partisan approach seems foolish when you could hedge your bets. It is as if the 0.1% has decided to throw all caution to the winds in extracting the last possible maximized rents from a resource which will lose much of its value with new technology. Trump's an old guy, and not personally an oil baron, so what's his angle in this?